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Phone: 916-403-1812

Email: McKenney.Houck@cushwake.com

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HWY 55, Wylie, TX

Investment Summary

Price $3,348,750
Cap Rate
NOI
Lease Term 20 Years
Lease Type Absolute NNN lease, with tenant responsible for all taxes, insurance, and maintenance, including roof, structure, and parking lot
Rental Increases 10% rental increases every five (5) years
Year Built 2023
Building Size 2,490 SF
Lot Size 1.02 acres (44,778 SF)
Status Closed
Lead Brokers Michael T. Yuras, CCIM
Vice Chairman
415.481.0788
michael.yuras@cushwake.com
CA RE License #01823291

Scott Crowle
Executive Managing Director
415.604.4288
scott.crowle@cushwake.com
CA RE License #01318288

Jack Hinson
Brokerage
704.572.9921
jack.hinson@cushwake.com
CA RE License #02059267

Vincent Aicale
Executive Managing Director
415.690.5522
vince.aicale@cushwake.com
CA RE License #01728696

Ryan Forsyth
Executive Managing Director
415.413.3005
ryan.forsyth@cushwake.com
CA RE License #01716551

Investment Highlights

NEW 20-YEAR CORPORATE ABSOLUTE NNN LEASE WITH FOUNDER GUARANTY
» New 20-year absolute NNN lease with 10% rental increases every five years
» No landlord management, ideal for an out-of-area investor
» HWY 55 was named a top 500 franchise in the United States by Entrepreneur magazine and
a Next 20 restaurant brand by Nation’s Restaurant News

PROMINENT LOCATION IN LARGE AND GROWING TEXAS RETAIL CORRIDOR
» High-visibility and easily accessible location along State Highway 78, a major arterial thoroughfare traversing the entirety of Wylie (33,866 AADT)
» Outparcel to a Walmart Supercenter, allowing the site to capture significant crossover shopping
» Near several large schools and universities including, Collin College-Wylie Campus (7,500 students), Wylie High School (2,872 students), and Murphy Middle School (1,172 students)
» Beneficial proximity to McKinney National Airport (17 miles) and Dallas/Fort Worth International Airport (fourth-busiest airport by passenger traffic in the world and second busiest in the United States)

DYNAMIC MARKET WITH WITH EXCELLENT SUBURBAN DEMOGRAPHICS
» High average annual household income of $125,562 within five miles of the site
» 99,184 residents within five miles of the property, providing a large customer base for the site
» Projected population and income increases within 1-, 3-, and 5-mile radii over the next five years poise HWY 55 and Wylie for steady concurrent growth
» Surrounded by high-density single-family housing developments and large apartment complexes
» Gateway to Downtown Dallas, the third-largest city in Texas (1.3 million residents)

NEW 2023 CONSTRUCTION IN A TAX-FREE STATE
» New high-quality 2023 construction built to latest HWY 55 prototype
» Site features a dual-lane drive-thru and multiple access points for added customer convenience
» Texas is an income tax-free state

Property Description

SOLD

» This HWY 55 has a high-visibility and easily accessible location along State Highway 78, a major arterial thoroughfare traversing the entirety of Wylie (33,866 AADT)
» The property is outparcel to a Walmart Supercenter, allowing the site to capture significant crossover shopping
» Ideally set in a large suburban corridor, the property is near several large schools and universities including, Collin College-Wylie Campus (7,500 students), Wylie High School (2,872 students), and Murphy Middle School (1,172 students)
» The site greatly benefits from its proximity to Downtown Dallas, the third-largest city in Texas (1.3 million residents)
» 99,184 residents live within a five-mile radius of the site, providing a large and reliable customer base
» High average annual household income of$125,562 within five miles of the property
» Projected population and income increases within 1-, 3-, and 5-mile radii over the next five years poise HWY 55 and Wylie for steady concurrent growth

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